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The wash-sale rule blocks you from claiming a tax loss if you buy the same or a "substantially identical" security within 30 days before or after the sale. The disallowed loss is added to the cost basis of the replacement shares. It is the main constraint to respect when tax-loss harvesting.
Selling a fund for a loss and rebuying it a week later disallows the loss under the wash-sale rule.
Tax-loss harvesting lets you offset investment gains with losses — reducing your tax bill without significantly changing your investment exposure. Here is how to do it correctly.
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